§ 43.066 — DISTRIBUTIONS BY CORPORATION FROM PERMANENT SCHOOL FUND TO AVAILABLE SCHOOL FUND.

Texas § 43.066

• Jurisdiction: Texas
• Code ED: Education Code

Text

Sec. 43.066. DISTRIBUTIONS BY CORPORATION FROM PERMANENT SCHOOL FUND TO AVAILABLE SCHOOL FUND. (a) The corporation may distribute from the permanent school fund to the available school fund under Section 5 (g), Article VII, Texas Constitution, an amount not to exceed the limitation under that section that is determined in accordance with rules established by the corporation.
(b) In developing the rules for distributions under Subsection (a), the corporation shall develop and establish an annual minimum distribution rate that the corporation will use in making a distribution from the permanent school fund to the available school fund each state fiscal year. In developing the annual minimum distribution rate under this subsection, the corporation may consider:
(1) transfers made from the permanent school fund to the available school fund under Section 43.002 in accordance with Section 5 (a), Article VII, Texas Constitution;
(2) factors that relate to the current and future public school students in the state; and
(3) any other factors the corporation determines relevant.

Legislative History

Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232 ), Sec. 1.06, eff. September 1, 2021.